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   Gold/Mining/EnergyKUB.V - Cub Energy Inc.


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From: JRod7711/28/2019 11:50:41 AM
   of 48
 
Russia, Ukraine Reach 2nd Prisoner Exchange Dea

themoscowtimes.com

Russia, Ukraine Reach 2nd Prisoner Exchange Deal – RBC
10 hours ago

Ukraine and Russia have reached the final stages of an all-for-all prisoner exchange agreement ahead of a key peace summit next month, the RBC news website reported Thursday.

Russia and Ukraine swapped 35 prisoners each in September, a move that appeared to presage a thaw in relations that have been frozen since Moscow annexed Crimea in 2014. Kiev and Moscow said afterward that the sides were working on a fresh prisoner swap ahead of a four-way peace summit on the eastern Ukraine conflict set for Dec. 9.

Ukraine is ready to hand over 250 prisoners in exchange for 100 prisoners held by pro-Russian rebels in eastern Ukraine, RBC cited four unnamed sources familiar with the negotiations as saying.

“The lists have already been agreed and approved,” one of the sources was quoted as saying. “The legal stage is coming to an end.”

The new prisoner swap could be adopted when the leaders of France, Germany, Russia and Ukraine meet in Paris on Dec. 9, a source close to the Ukrainian president told RBC. Still, the source close to Volodymyr Zelenskiy and an unnamed negotiator cautioned that the exchange depends on the outcome of the four-way summit.

The Sept. 7 exchange included Ukrainian filmmaker Oleg Sentsov, the 24 Ukrainian sailors captured by Russia in the Kerch Strait, potential MH17 crash witness Vladimir Tsemakh and Russian journalist Kirill Vyshinsky.

The conflict between pro-Russian rebels and Ukrainian troops in the Donbass has killed 14,000 people since it broke out in 2014, according to the United Nations.

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From: JRod7712/9/2019 9:48:41 PM
   of 48
 
Ukraine and Russia agree to implement ceasefire

bbc.com

Ukraine and Russia agree to implement ceasefire

2 hours ago

Ukraine and Russia have agreed to implement a "full and comprehensive" ceasefire in eastern Ukraine by the end of 2019, after top-level talks.

Russian President Vladimir Putin and Ukraine's Volodymyr Zelensky met face to face in Paris on Monday.

Five-and-a-half years of fighting between Ukrainian government forces and Russian-backed rebels have cost 13,000 lives.

The negotiations were brokered by the leaders of France and Germany.

They follow a big prisoner swap and the withdrawal of Ukraine's military from three key areas on the front line.

What was agreed?

In a written statement, the countries agreed to the release and exchange of all "conflict-related detainees" by the end of the year.

The two sides also pledged to disengage military forces in three additional regions of Ukraine by the end of March 2020, without specifying which regions would be affected.

Additional talks will be held in four month to take stock of the ceasefire's progress.

At a press conference after the talks in France's Élysée Palace, President Putin hailed the talks as an "important step" towards a de-escalation of the conflict.

President Zelensky said the issue of Russian gas exports via pipelines through Ukraine had been "unblocked" after a dispute about transit tariffs, and an agreement would now be worked out.

But Russia and Ukraine continue to disagree on issues such as the withdrawal of Russia-back troops, and elections in areas of Ukraine held by separatist rebels.

Mr Putin also called for a change in Ukraine's constitution to give special status to the Donbas region, which is held by the rebels.

Ukraine's President Zelensky also told reporters that Ukraine would not make any territorial concessions in exchange for peace.

"We saw differences today," said French President Emmanuel Macron, who hosted the talks with German Chancellor Angela Merkel.

"We didn't find the miracle solution, but we have advanced on it," he added.

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From: JRod7712/28/2019 7:08:06 PM
   of 48
 
Ukraine and pro-Russians expected to swap prisoners

aljazeera.com

Ukraine president says exchange should take place on Sunday but details of the planned swap are scarce.

7 hours ago

Ukrainian authorities and pro-Russian separatists in the war-torn east of the country are expected to swap dozens of prisoners in a front-line operation on Sunday.

Both sides had said earlier this month they would carry out a prisoner exchange by the end of the year, following high-profile peace talks in Paris aimed at de-escalating Europe's only active war.

"The exchange should be tomorrow. We're all waiting for it," Ukrainian President Volodymyr Zelenskyy said on Saturday, calling it "the most difficult task this year".

Earlier, a spokeswoman for the self-declared rebel republic of Donetsk, Daria Morozova, announced that there was an agreement for the swap.

She said two separatist territories Donetsk and Lugansk will get 87 prisoners, while 55 others will be handed over to Kyiv, without giving details on the identity of those involved.

The prisoner exchange is expected to take place near the town of Gorlivka in the separatist-held Donetsk region in eastern Ukraine's industrial heartland.

Russian media reported that the operation will take place on the front line.

The swap would come three months after Ukraine carried out a long-awaited exchange with Russia of 35 prisoners each.

More than 13,000 people have been killed since pro-Russia fighters in eastern Ukraine launched a bid for independence in 2014, sparking the conflict.

Details of Sunday's exchange were scarce, with officials saying that lists of prisoners were still being agreed.

The Organization for Security and Co-operation in Europe (OSCE) Special Representative, Martin Sajdik, confirmed that preparations for the swap were under way.

Peace talks
At the Paris summit this month, the leaders of France, Germany, Russia and Ukraine agreed to implement a full ceasefire and proceed with a new withdrawal of forces from conflict zones by March 2020.

Russian President Vladimir Putin and his Ukrainian counterpart Zelenskyy also held their first face-to-face talks and agreed on measures to de-escalate the conflict.

The December 9 summit was the first of its kind in three years.

Since coming to power in May, comedian-turned-President Zelenskyy, 41, has sought to revive a peace process to end the separatist conflict.

READ MORE
Putin, Zelenskyy agree to Russia-Ukraine prisoner swap at summit
The Kremlin has sent signals that it is ready to work with Zelenskyy, whom Putin has described as "likeable" and "sincere".

Before the summit, Kyiv and separatists completed a partial troop pullback.

French President Emmanuel Macron said at the time of the Paris meeting a new summit would be held in four months to take stock of progress on ending the conflict.

Countries have sought to revive accords signed in Minsk in 2015 that call for the withdrawal of heavy weapons, the restoration of Kyiv's control over its borders, wider autonomy for Donetsk and Lugansk, and the holding of local elections.

However, there was no sign of warmth between the leaders of Ukraine and Russia in Paris and many doubt whether Putin genuinely wants to settle the conflict.

Speaking in Moscow this month, Putin said if Kyiv gets back control of the border in the east, pro-Russian residents of separatist-held territories could be targeted.

Zelenskyy's peace plan has also been strongly criticised by war veterans and nationalists.

Various nationalist organisations even deployed their own troops to the front line in an effort to prevent a troop pullback in line with peace agreements.

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From: JRod771/12/2020 1:53:34 PM
   of 48
 
NAFTA confirms its interest in the project in eastern Ukraine

Note: As Ukraine heals from years of battling with rebels (recent peace efforts in December), more companies will continue to invest in Ukraine's lucrative oil and gas assets. Over a million acres have been purchased over the last several months between Vermilion Energy, NAFTA and other large cap companies. This bodes well for Cub Energy Inc as the company holds 140,000 acres of mostly producing assets with many drill targets. Below it also mentions the "Uzhgorod license with a partner" this is Cub Energy. NAFTA still has 2 wells to drill at no cost to Cub, along with a dozen other possible targets after that. Add in the NRU project(completed by end of 2020) and the Eastern wells (M30 to start shortly) and we have a wonderful evolving story. Company is well funded and has great cash flow. The sell off in the fall was just a large shareholder from years ago that wanted out, but does not justify the true value of the company at present time.

nafta.sk

Bratislava / Prague, 9 December 2019 - NAFTA as, together with the EPH energy group, are continuing their joint efforts to acquire the Yuzivska project in eastern Ukraine.




NAFTA as (NAFTA) and EPPE Power Europe (EPPE) are prepared to jointly develop the Yuzivska project under conditions approved by the Government of Ukraine. Both companies belong to the energy group Energy Industrial Holding (EPH), and were approved by the Interministerial Commission at the Ukrainian Ministry of Energy as investors who meet the technical and financial conditions for the development of the Yuzivska project.

NAFTA will act as a technical operator in the project. The company has been operating in the field of hydrocarbon exploration and extraction for more than 105 years and intends to use the unique know-how it has gained from many projects in the project for many years in its core areas. In addition, NAFTA has been actively operating in Ukraine since 2016, where they are developing a Uzhgorod license with a partner.

“The EPH Group declares a continuing interest in the Yuzivska project and is ready to assume the relevant investment obligations under the approved Production Sharing Agreement (PSA). Our subsidiary EP Yuzivska is ready to sign a PSA approved by the Ukrainian government and EPH is ready to issue a guarantee to the parent company to secure the financial resources needed for the implementation and rapid development of the Yuzivska project immediately after its approval. Since we have a detailed mapping of the project, we can guarantee the timely extraction of hydrocarbons for the Ukrainian market, ” said a source from the EPH Group.

“Yuzivska is a greenfield project associated with a high geological risk and requires extensive research work. We believe that by implementing our know-how, experience and methods, we will be able to uncover the full potential of the license. As part of this project, we are ready to allocate our capacities to Ukraine in order to fully develop this project and ensure increased energy independence of Ukraine, ” said the CEO of NAFTA as

NAFTA as is an international company with extensive experience in the field of storage and construction of underground gas storage facilities in Slovakia and also a Slovak leader in the exploration and extraction of hydrocarbons. The company is active in Central European countries and is present in the Czech Republic, Germany, Austria and Ukraine. NAFTA operates underground storage facilities in several countries, conducts exploration activities and participates in renewable energy storage projects. With a total storage capacity of approximately 60 TWh, it is the 6th largest gas storage operator in Europe.

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From: JRod771/28/2020 10:00:08 AM
   of 48
 
Cub Energy unit begins drilling M-30 well

2020-01-28 07:48 MT - News Release

Mr. Mikhail Afendikov reports

CUB ENERGY INC. ANNOUNCES SPUDDING OF THE M-30 WELL IN EASTERN UKRAINE

Cub Energy Inc.'s 35-per-cent-owned KUB-Gas LLC subsidiary, which owns and operates the eastern Ukraine licences, has commenced drilling of the Makeevskoye-30 (M-30) well. The M-30 well is planned to a total depth of 1,985 metres to evaluate several prospective horizons. The M-30 well is financed through existing Kub-Gas cash flow.

Mikhail Afendikov, chairman and chief executive officer of Cub, said: "We are pleased to announce the spudding of the M-30 well in eastern Ukraine. The M-30 well will be the first well drilled on the producing M field in over three years after recent successful recompletions on the M and O fields at Kub-Gas."

About Cub Energy Inc.

Cub Energy is an upstream oil and gas company, with a proven record of exploration and production cost efficiency in Ukraine. The company's strategy is to implement western technology and capital, combined with local expertise and ownership, to increase value in its undeveloped land base, creating and further building a portfolio of producing oil and gas assets within a high-pricing environment.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.

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From: JRod771/31/2020 3:42:46 PM
   of 48
 
FT: Putin's new Ukraine man lifts hopes of peace progress in Kyiv

10:19, 30 January 2020 WORLD 1577 0 People close to the peace talks said the changes were intended to formalise Mr. Kozak's emergence as Mr. Putin's lead negotiator on Ukraine.

unian.info

Vladimir Putin's promotion of a crucial figure driving peace talks with Ukraine has been welcomed by Kyiv as a signal of renewed willingness in Moscow to resolve the six-year conflict between the two countries. Dmitry Kozak, a former deputy prime minister, was appointed to a newly created position in the presidential administration last week as part of sweeping changes in the Kremlin that analysts said were designed to lengthen Mr. Putin's rule, according to the Financial Times. The announcement was followed by the reported resignation of Vladislav Surkov, Mr. Putin's chief negotiator on Ukraine.

People close to the peace talks said the changes were intended to formalise Mr. Kozak's emergence as Mr. Putin's lead negotiator on Ukraine. Mr. Kozak oversaw two landmark prisoner exchanges last year that were widely hailed as progress in efforts to bring an end to the conflict between Ukraine and Russia-backed armed forces. The conflict in eastern Ukraine, which started with Russia's annexation of Crimea from Ukraine in 2014, has claimed 14,000 lives.

Mr. Kozak has also helped resurrect four-party peace talks led by France and Germany. The so-called "Normandy four" negotiations resumed last month after years of stalling under Mr. Surkov. "Surkov was playing interference. If he is really gone this is good," said a person close to Ukrainian president Volodymyr Zelensky.

Mr. Kozak will now have to reconcile Ukraine's efforts to reclaim the two Moscow-backed breakaway states on its border with Russia. Mr. Zelensky has refused to grant the regions lasting autonomy – a move seen in Ukraine as giving Russia a veto over Kyiv's pro-western foreign policy – and instead wants to include them in a planned decentralisation reform. "Surkov was [driving] a policy of weakening Ukraine and preventing the signature of future EU and Nato agreements by politically destabilising the territory," a person familiar with the peace talks said. "Now we are more into managing the process on the ground. [?.?.?.] It's a more pragmatic approach. Kozak is a stronger administrator and good on the economy." But other people close to the talks cautioned that Mr. Putin, who has shown no sign of easing pressure on Ukraine, will remain the ultimate decision maker. "Zelensky's guys just associate all the problems with Surkov. They don't get who they're dealing with," the former Kremlin colleague said. "Of course they won't give the territories back. It's a fantasy."

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From: JRod772/28/2020 2:26:50 PM
   of 48
 
Looks like the M30 well missed unfortunately, but KUB had $7.5 million USD in cash and this well cost them around $500,000 to do. That means they still have 3 cents a share in cash, no value given on producing assets or additional projects ongoing. A new company presentation came out today and clearly shows they have a lot on the go. So not sure how their first free JV well in September and this recent well destroyed 80% of the company value when they are still up in cash year over year and Ukraine is starting to push a peace effort through.

February 2020 presentation: cubenergyinc.com

Recent news:

Cub Energy interest Kub-Gas to abandon M-30 well

2020-02-28 07:52 MT - News Release

Mr. Mikhail Afendikov reports

CUB ENERGY INC. ANNOUNCES UPDATE ON THE M-30 WELL IN EASTERN UKRAINE

Kub-Gas LLC, Cub Energy Inc.'s 35-per-cent-owned subsidiary, which owns and operates the eastern Ukraine licences, has drilled the Makeevskoye-30 well to a total depth of 1,985 metres. Logging was performed on several horizons and was evaluated as having non-commercial gas shows. The well will be abandoned and Kub-Gas is reviewing its options for its next operation.

About Cub Energy Inc.

Cub Energy is an upstream oil and gas company with a proven record of exploration and production cost-efficiency in Ukraine.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.

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From: JRod774/15/2020 9:15:35 AM
   of 48
 
Cub signs contract to purchase power generation engines

2020-04-15 06:49 MT - News Release

Mr. Mikhail Afendikov reports

CUB ENERGY INC. ANNOUNCES CAPITAL COMMITMENT TO RESTART THE RK FIELD FOR POWER GENERATION

Cub Energy Inc.'s 100-per-cent-owned subsidiary, Tysagaz LLC, has signed a contract for the purchase of two Jenbacher gas power generation engines that should convert the natural gas produced from the RK field into power that can be sold in western Ukraine at local market rates. Each power generation unit will have the capacity to produce as much as 1.5 megawatts ("MW") of power each or 3 MW in total. The RK field was materially suspended on April 1, 2016 and this new plan should result in the restart of the RK field.

The Jenbacher units will be manufactured in Europe and expected delivery is in the fourth quarter of 2020 with power revenue expected in the first quarter of 2021. The successful sale of power into the local grid will be subject to the successful installation of the Jenbacher units, regulatory commissioning and tie-in to the local power supply. The direct capital costs of the two units are approximately US$1.4 million and the total investment is expected to be approximately US$1.9 million. The total investment amount includes approximately $0.3 million in Value Added Tax (VAT) which should be refunded on commercial production. There are approximately 60 of these power generators units currently in operation in Ukraine.

Mikhail Afendikov, Chairman and CEO of Cub said: "We reviewed various alternatives to maximize the value of the RK field and we believe the Jenbacher power generation is the best path for shareholders. It has the potential to generate material cashflow while at the same time capitalizing on the restart of the RK field."

Currently, all of the Company's facilities remain fully operational. The company is monitoring recommendations by the public health authorities related to COVID-19 in all its operating regions and is adjusting operational requirements as required. The Company has implemented certain cost-cutting initiatives during the second quarter of 2020, including the layoff of eleven team members, salary adjustments of up to 25% and a general reduction in the use of external consultants.

About Cub Energy Inc.

Cub Energy Inc. (TSX-V: KUB) is an upstream oil and gas and power generation company, with a proven track record of exploration and production cost efficiency in Ukraine. The Company's strategy is to implement western technology and capital, combined with local expertise and ownership, to increase value in its undeveloped land base, creating and further building a portfolio of energy assets.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.

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From: JRod775/3/2020 3:57:23 PM
   of 48
 
Article : Cub Energy JV Partner Moves Forward In Ukraine

Nafta has obtained a mining license in Ukraine

The Ukrainian government decided on Wednesday.

ekonomika.sme.sk

May 1, 2020 at 11:26 AM SITA

BRATISLAVA. The company Nafta, which operates gas storage facilities in Slovakia and is engaged in the exploration and extraction of hydrocarbons, is consolidating its position in Ukraine.

EP Ukraine, in which Nafta has a 10% share and Energetický a prumyslový holding (EPH) has a 90% share, has obtained a license to explore and extract mainly natural gas in the Ukrainian projects Grunivska and Ochtyrska.

The Ukrainian government decided on Wednesday.

Two mining sites

As EPH further informed through the portal of the Slovak Gas and Oil Association slovgas.sk, its subsidiary EP Ukraine was selected on the basis of evaluation criteria developed by experts, international consulting companies and energy organizations.

"We welcome the opportunity to use our financial and technological advantages in the dynamic development of the Ukrainian energy sector," said EP Ukraine in response.

EP Ukraine will now launch an extensive investment program, including in the first phase the implementation of seismic measurements and the drilling of a significant number of exploratory wells. For the supply of services and materials will use local Ukrainian companies and experts.

The Grunivska project is located in the Sumy and Poltava self-governing areas and covers an area of ??almost 1,100 square kilometers.

The Ochtyrska project with a total area of ??670 square kilometers extends on the border of the Sumy, Poltava and Kharkiv self-governing regions.

Diesel will be involved in the development of mining

Nafta, as a Central European leader in the production and storage of oil and natural gas with more than 105 years of experience, is ready to ensure the active development of individual licenses for the exploration and production of hydrocarbons, especially natural gas, in the Ukrainian project.

Last year, through its subsidiary Nafta RV LLC, it participated in the tender for Vantazhkivsk's license.

With its bid in the auction, it succeeded and obtained the right to a Vantazhkivske license near the town of Poltava.

Diesel also started last year with Cub Energy Inc. to implement the first of three planned exploratory wells near Uzhhorod.

The Slovak company Nafta, through its subsidiary Nafta International BV, entered the Ukrainian market about four years ago after obtaining 50 percent in the Uzhhorod license.

Since then, the partners have been working on a joint project aimed at exploring the Uzhhorod license in western Ukraine.

The Uzhhorod license is a geological continuation of highly explored areas in eastern Slovakia and copies the trend of discovered deposits in Slovakia.

As the main shareholder of EP Ukraine, EPH is active in the Czech Republic, Slovakia, Germany, France, the United Kingdom, Ireland , Italy , Poland and Hungary. The holding covers the entire spectrum of energy production and distribution.

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From: JRod775/21/2020 5:48:38 PM
   of 48
 
So as we expected, Q1 was not going to be good. Reason being that around $500,000 USD was spent on the M30 well and that was factored into this quarter. At the same time, KUB has $6.1 million USD in cash(minus $1.7 mil with RK field equipment purchase as of recent), and then the company presentation below shows work happening on all 5 leases this year. On top of that, cost cutting measures were implemented(see below) where 11 team members were layed off, not sure if that includes the $60k a year director, along with other savings. So I feel that the cost reductions will help a lot.
New company presentation: cubenergyinc.com
2020-05-21 14:49 MT - News Release

Mr. Mikhail Afendikov reports

CUB ENERGY ANNOUNCES FIRST QUARTER OF 2020 RESULTS

Cub Energy Inc. has released its unaudited financial and operating results for the interim three months ended March 31, 2020. All dollar amounts are expressed in United States Dollars unless otherwise noted. This update includes results from Kub-Gas LLC ("Kub-Gas"), which Cub has a 35% equity ownership interest, Tysagaz LLC ("Tysagaz"), Cub's 100% owned subsidiary and CNG LLC ("CNG"), which Cub has a 50% equity ownership interest.

Mikhail Afendikov, Chairman and CEO of Cub said: "In April 2020, we made a capital commitment to purchase two Jenbacher power generation units in order to better utilize the Company's RK field in western Ukraine to generate potential cashflow for the Company."

Operational Highlights

  • Achieved average natural gas price of $3.45/Mcf and condensate price of $36.25/bbl during the three months March 31, 2020 as compared to $7.11/Mcf and $42.57/bbl for 2019. The decrease is due, in large part, to increased volumes of gas stored in Europe and a warmer than expected winter in Europe.
  • Production averaged 646 boe/d (97% weighted to natural gas and the remaining to condensate) for the three months March 31, 2020 as compared to 895 boe/d for 2019.
  • In April 2020, the Company has signed a contract for the purchase of two Jenbacher gas power generation engines that should convert the natural gas produced from the RK field into power that can be sold in western Ukraine at local market rates. Each power generation unit will have the capacity to produce as much as 1.5 megawatts ("MW") of power each or 3 MW in total. The RK field was materially suspended on April 1, 2016 and this new plan should result in the restart of the RK field.
Financial Highlights

  • The Company reported a net loss of $706,000 or $0.00 per share during the three months March 31, 2020 as compared to net income of $962,000 or $0.00 per share during 2019.
  • Netbacks of $5.40/boe or $0.90/Mcfe were achieved for the three months March 31, 2020 as compared to netback of $24.49/Boe or $4.08/Mcfe for 2019.
  • The Company has implemented certain cost-cutting initiatives during the second quarter of 2020, including the layoff of eleven team members, salary and director fee reductions, the signing of office leases at lower rent levels and a general decrease in the use of external consultants.
Reader Advisory

With the current cash resources, negative working capital, suspension of the RK field, uncertainty surrounding the successful installation of the Jenbacher power generation units, fluctuating commodity prices, dividend uncertainty, currency fluctuations, reliance on a limited number of customers, and impact on carrying values, the Company may not have sufficient cash to continue the exploration and development activities. These matters raise significant doubt about the ability of the Company to continue as a going concern and meet its obligations as they become due.

                                              Three Months Ended  Three Months Ended (in thousands of US Dollars)                      March 31, 2020      March 31, 2019  Petroleum and natural gas revenue                             66                  49  Pro-rata petroleum and natural gas revenue(1)              1,262               3,452  Revenue from gas trading(2)                                2,204               4,479  Net income (loss)                                          (706)                 962  Income (loss) per share - basic and diluted               (0.00)                0.00  Funds generated from (used in) operations                    350                (35) Capital expenditures(3)                                        -                   -  Pro-rata capital expenditures(3)                             851                  56  Pro-rata netback ($/boe)                                    5.40               24.49  Pro-rata netback ($Mcfe)                                    0.90                4.08  
                             March 31, 2020  December 31, 2019 Cash and cash equivalents        6,100            6,206 
Notes:

  • Pro-rata petroleum and natural gas revenue is a non-IFRS measure that adds the Company's petroleum and natural gas revenue earned in the respective periods to the Company's 35% equity share of the KUB-Gas natural gas sales that the Company has an economic interest in.
  • During the three and twelve months ended March 31, 2020, the Company recorded $2,204,000 (2019 - $4,479,000) and $2,070,000 (2019 - $4,240,000) in revenue for gas trading and $134,000 (2019 - $239,000).
  • Capital expenditures include the purchase of property, plant and equipment and the purchase of exploration and evaluation assets. Pro-rata capital expenditures are a non-IFRS measure that adds the Company's capital expenditures in the respective periods to the Company's 35% equity share of the KUB-Gas and 50% equity share of CNG Holdings capital expenditures that the Company has an economic interest in.
Supporting Documents

Cub's complete quarterly reporting package, including the unaudited interim financial statements and associated Management's Discussion and Analysis, have been filed on SEDAR (www.sedar.com) and has been posted on the Company's website at www.cubenergyinc.com.

About Cub Energy Inc.

Cub Energy Inc. (TSX-V: KUB) is an upstream oil and gas company, with a proven track record of exploration and production cost efficiency in Ukraine. The Company's strategy is to implement western technology and capital, combined with local expertise and ownership, to increase value in its undeveloped land base, creating and further building a portfolio of producing oil and gas assets within a high pricing environment.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.

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